Economics
Romania Central Bank Says It Raises Interest Rates at Own Pace
- Bank defends decision to raise rates less than expected
- Central bank focuses on needs of Romania, not peer banks
Romania’s central bank in Bucharest, Romania.
Photographer: Chris Ratcliffe/Bloomberg
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Romania’s central bank defended its decision to raise interest rates less than expected this week, saying it’s paying more attention to the nation’s faltering growth than looking at steps taken by other policy makers in the region.